Who can apply for Tijarati Loan facilities?

Any company registered in Oman and having completed 2 years in business can apply for Tijarati Loan Facilities​

What documents are required for Availing Tijarati Loan facilities?

• Company ID documents

• Owner(s) ID documents

• Last 6 months bank statement

• Request Letter

• Completed Application form
  

• Any other documents as advised by the Tijarati RM​

What is the maximum loan amount NBO extends under Tijarati banking to SMEs?

This varies from case to case. Currently NBO extends financial support upto   ​500,000 to SMEs under Tijarati Banking, subject to applicable and prevailing terms & conditions.​

What is the maximum tenor of the loan an SME can apply for?

This varies from case to case. NBO extends loans to SMEs of tenors upto a maximum of 6 years, subject to applicable terms & conditions.​

Do I need to open an operating account with NBO for availing Tijarati Loan Facilities?

Yes. The SME has to open the main operating account with NBO for availing the loan facilities.​

Are there any fees or charges to be paid for processing of loans?

Yes. There is a processing fee, as applicable on all applications.

Can partial repayments be done?

Yes.​

Are you eligible?

At National Bank of Oman, we believe that financing solutions should be made simple for all business. The following businesses are eligible to apply for business loans.

• Business entities registered in Oman with a valid certificate of registration.

• A proprietorship, establishment, partnership, limited liability company (LLC) or self-employed professional.

• The business must be established for a minimum period of two years.​